Serba Dinamik, subsidiaries identify assets for sale to settle liabilities

Serba Dinamik Holdings Bhd and its subsidiaries have identified some assets for immediate sale to generate the cash flow required to meet the companies' liabilities.

In a filing with Bursa Malaysia today, the company said it would require a court-convened meeting of its creditors to consider and, if thought fit, to approve a scheme of arrangement to be proposed between the company and its creditors to restructure the debt obligations of the company and its subsidiaries.